Member Info for smudgedan

Hi mate, hope you are enjoying your break. Been a couple of crazy days on AIM.

that yet again some of the trade are not showing up on here. Bought 3k earlier which hasn't turned up.

From what I understand there are 69.1m shares in free float.

seem to be limited to about 500 quid. Will be interesting to see where this goes today

MM's must be running slow on no sells

Will be interesting to see where this goes.

Maximum but 1200 quid that time

Good Morning, that was my buy this morning. Surprised at the lack of interest here given the activity on others over the last few days. Could only buy 1600 in one go and at pretty much full ask, which I guess is a good sign.

This morning. Also think that 11.93k was a buy and not a sell. The transactions in black are all buys too.

Nice to finally see some movement here. Hopefully any background seller has cleared. The bid is creeping up so MM's are probably running a bit low and some good chunky buy should push this further now. GL

Thanks mate. Always appreciate your views and thanks again for your comments yesterday on MFX. Bit down on that but will hold. Given the consistent buying here pretty much everyday I am amazed that there hasn't been even a small increase. Maybe there isn't enough volume. See little downside from these levels though, so I think you are right about a long term hold. ATB

We have had consistent buying over the past few weeks accompanied by contract wins and yet the price has been fairly static. i am guessing that this share must not be hitting most peoples radar as it certainly looks like a winner to me. Have added 3k this morning.

tried a dummy on HL and can get 1000 pounds worth but not 2000

Bit busier than usual on here today. For all newcomers my views on the plus points and also why the share price is in the doldrums are as follows: plus points: Blue chip client base Trading at significantly below cash Should sentiment towards Chinese companies improve and they sustain enough cash to weather the storm they could push on. Negatives: Geong have gone on record to state that revenues will be hit as they transfer the IAAS business to SAAS. They barely scraped a profit last year so will almost certainly be running at a loss for the current year. Geong have consistently been unable to get a handle on the receivables which are huge and growing although they do now have a dedicated employee chasing these. I still can't understand why their have such an odd billing system. There doesnt seem to be anything in the immediate future from a fundamental perspective to drive the price upwards. I am holding here so would of course welcome any rise but I think newcomers need to be aware of all aspects.

Should probably have looked first. Here is something I have found on the internet. On this basis i think we are in good shape regarding the borrowings but would welcome others comments: Consumer Deposits Are Liabilities to Banks If you are looking at the balance sheet of a bank, you will want to pay close attention to an entry under the current liabilities called "Consumer Deposits". Often, they will be will lumped under other current liabilities. This is the amount that customers have deposited in the bank. Since, theoretically, all of the account holders could withdrawal all of their funds at the same time, the bank must list the deposits as a current liability.

Good shout mate. I wil try to do some more research in the interim.

Further to my earlier post I still think we need to have clear understanding as to how the assets and liabilities are defined. Does anybody know the answer to this? If the outward loans are Manx's cash and the customers accounts are only listed as liabilities as legally they have to then we are definitlely on to a winner. I just dont know enough about banking shares to answer this. Any ideas?

Broke golden rule number 1 and piled in to this rather rashly this morning without any research at 10p. One question I have relates to the assets vs liabilities. They are counting their outward loans as assets, which if its Manx's cash makes sense. Then, from what I can make out they count their customers bank accounts as liabilities. Presumably as Manx are purely custodians of the cash these aren't true liabilities, unless of course somebody nicks it? Does anybody have an idea about this as presumably if the liabilities are only as i mention above then this is share is hugely undervalued as barring some huge Nick Leeson style fraud the customers cash should be safe. Also thinking aloud does the FSCS scheme apply to the Isle of Man, presumably not as not part of the UK and therefore the bank account would in theory be a greater liability than UK banks whose customers are protected by the scheme? Any ideas?

Just before close. Good weekend all.

here is the response i received. Nothing of real interest though. As you can see they were not keen on my idea of regular updates regarding the receivables: Dear Mr. Pls kindly find below response from the executive director. "We have double checked the website record and apparently your original request submitted on the website was never received until your subsequent mail which caused the delay in corresponding to your mail. Nevertheless, your concerns have been acknowledged by the Board. You may have read the action plans by the management to improve the receivables aspect so we do not want to go onto elaborate it again over here. We are working with the London advisers for ensuring the compliance to the listing rules as well as providing the required update to the market as required. While we appreciate your point that monthly update could be a good informative tool to the investors, we have to balance the situation as monthly update can pose overloading of information in a very short time frame as the progress over the collection will not be significantly improved as it will take time to achieve the results. So we still maintain our past pattern of trading update should be sufficient for the investors awareness of our progress. On the buy back shares by the directors, our individual directors will surely look into this issue and will take the appropriate investment approach suitable to their needs. Your suggestions are well taken and will be addressed. " Thanks. Best Regards ________________________________________ Administrator Investor Relations